Global financial cybercrime sting yields 24 arrests
The report details a cyber criminal investigation that spanned over 2 years and resulted in the arrest of 24 suspects. The suspects were alleged to have stolen and shared credit card and banking information. The investigation is notable because the suspects were arrested in at least eight different countries across the world. It was described as the “largest coordinated international law enforcement action in history”. Law enforcement agencies involved, including the FBI, demonstrated a commitment “to rooting out rampant criminal behavior on the internet” and an ability to cooperate in doing so. Some of the suspected criminal activity was considered “small-time” to security experts. For example, one of the arrested suspects was accused of purchasing a few dell laptops, jewelry, and synthetic marijuana. Still, the FBI claims it prevented more than $200 million in losses. More than 400,000 card numbers were stolen.
FTC Hits Wyndham Hotels With Lawsuit Over Three Hacker Breaches In Two Years
The FTC is filing a lawsuit against Wyndham Worldwide for failing to secure its consumers’ financial information. According to the report, Wyndham’s lack of security resulted in three successful attacks in a two year span. The breaches allowed hackers to fraudulently charge millions of dollars on Wyndham’s customers accounts. The FTC is accusing Wyndham of lacking the proper security measures such as complex login credentials, firewalls, and network segmentation. In addition to a lack of security, the FTC is claiming that Wyndham’s privacy policies are “deceptive” because they emphasize the protection of their guests’ sensitive information. The first attack in 2008 was accomplished by breaching a Phoenix hotel’s local network. This access provided them the opportunity to infiltrate and infect the corporate network. According to the report, the next attack in early 2009 was accomplished by similar means. Including the final attack toward the end of 2009, the intruders were able to access more than 500,000 payment card accounts. Wyndham responded to the allegations by indicating that they have improved their security in response to the attacks.
Global financial cybercrime sting yields 24 arrests
The report details a cyber criminal investigation that spanned over 2 years and resulted in the arrest of 24 suspects. The suspects were alleged to have stolen and shared credit card and banking information. The investigation is notable because the suspects were arrested in at least eight different countries across the world. It was described as the “largest coordinated international law enforcement action in history”. Law enforcement agencies involved, including the FBI, demonstrated a commitment “to rooting out rampant criminal behavior on the internet” and an ability to cooperate in doing so. Some of the suspected criminal activity was considered “small-time” to security experts. For example, one of the arrested suspects was accused of purchasing a few dell laptops, jewelry, and synthetic marijuana. Still, the FBI claims it prevented more than $200 million in losses. More than 400,000 card numbers were stolen.
FTC Hits Wyndham Hotels With Lawsuit Over Three Hacker Breaches In Two Years
The FTC is filing a lawsuit against Wyndham Worldwide for failing to secure its consumers’ financial information. According to the report, Wyndham’s lack of security resulted in three successful attacks in a two year span. The breaches allowed hackers to fraudulently charge millions of dollars on Wyndham’s customers accounts. The FTC is accusing Wyndham of lacking the proper security measures such as complex login credentials, firewalls, and network segmentation. In addition to a lack of security, the FTC is claiming that Wyndham’s privacy policies are “deceptive” because they emphasize the protection of their guests’ sensitive information. The first attack in 2008 was accomplished by breaching a Phoenix hotel’s local network. This access provided them the opportunity to infiltrate and infect the corporate network. According to the report, the next attack in early 2009 was accomplished by similar means. Including the final attack toward the end of 2009, the intruders were able to access more than 500,000 payment card accounts. Wyndham responded to the allegations by indicating that they have improved their security in response to the attacks.
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